THELOGICALINDIAN - Nasdaqlisted Marathon Patent Group is affairs 10000 of the added able Antminer S19 Pro bitcoin miners from Bitmain in a accord account millions of dollars
▪ Marathon said the accord would addition the company’s operations to 23,560 next-generation miners, “making it the better self-miner in North America”.
▪ When absolutely installed, the new machines will accompany the firm’s absolute hashrate to 2.56 exahash per additional (EH/s) – one of the world’s top 15 bitcoin miners.
▪ In August, Marathon bought addition 10,500 miners of the aforementioned accomplish for $23 million. Bitmain will bear all the miners in batches starting in January through June.
▪ Marathon CEO Merrick Okamoto said the company’s mining operations had connected to abound “against the accomplishments of afresh accretion bitcoin prices.”
▪ The latest acquirement comes aloof two weeks afterwards Marathon, an $81.6 million-valued company, announced a collective adventure acceding that reduces its electricity costs for extracting bitcoin by 38%.
▪ Shares of Marathon rose about 11% to $2.82 in pre-trading on Tuesday. Over the accomplished 52 weeks, the banal affected a aerial of $5.25 and a low of $0.35.
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